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Page 14 - January 3-16, 2018
ORIGINAL “WAXMAN CAMERA”
PROPERTY FOR LEASE ONLY
911-919 15th Street, Denver, CO 80202
• First floor and two upper floors, plus
basement
• Approximately 3,250 SF per floor, Rentable
or 9,750 SF above ground*
• Interior dimensions vary per floor ranging
from 2,791-3,010 useable SF
• Zoning: Downtown Theatre District (”D-TD”)
• Taxes: Approximately $19,238 (2017)
• Built in 1920, subsequent remodels
• No parking included, but building is adjacent
to parking lot available for daily rental
• Excellent building signage opportunities -
Building will have “wow” factor for signage
• Long Term Ground Lease also entertained
• Tenant Finish Allowance and Free Rent
available to qualified tenants
• 1 block from Colorado Convention Center and
Performing Arts Center
• Across the street from the Telecommunica-
tions Center of Denver - AT&T, CenturyLink,
Denver Main, and 910Telecom
• Massive fiber optic intersection
THE INFORMATION ABOVE HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE. WHILE
WE DO NOT DOUBT ITS ACCURACY WE HAVE NOT VERIFIED IT AND MAKE NO GUARANTEE,
WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, ABOUT IT. IT IS YOUR RESPONSIBILITY
TO INDEPENDENTLY CONFIRM ITS ACCURACY AND COMPLETENESS. THE INFORMATION
CONTAINED HEREIN (INCLUDING, WITHOUT LIMITATION, PRICES AND RENTAL RATES) IS
SUBJECT TO CHANGE AND/OR WITHDRAWAL WITHOUT NOTICE. SEPTEMBER 2017
Jeffrey Hirschfeld
• 303.454.5425
1528 Wazee Street
Denver, CO 80202
O 303.623.0200
F 303.454.5400
BUILDING DETAILS:
Retail
by Jennifer Hayes
Confluent Development is
under way on the latest piece to
its retail project at The Ridge at
Centennial.
The Denver-based investment
and development firm broke
ground recently on its three-
building, 20,000-square-foot
project at the northeast corner of
Arapahoe Road and Nome Street
in Centennial.
It is developing 2.78 acres
within the 15-acre The Ridge at
Centennial, which is located in
the Lincoln Executive Center, and
currently includes a Holiday Inn,
the Centennial Gun Club, two
office buildings and additional
retail/restaurant buildings.
The three buildings will house
Starbucks, Natural Grocers by
Vitamin Cottage, which will rep-
resent Natural Grocers’ new store
prototype, and a future third ten-
ant.
Confluent Development is
partnering with Equity Ven-
tures Commercial Development
to deliver the Natural Grocers
location. The partnership broke
ground in December on the
13,300-sf building with Natural
Grocers relocating in the third
quarter to The Ridge space from
the store’s existing location on
Arapahoe Road.
The new prototype will include
a nutritional education center
with a nutritional health coach
in addition to organic and nat-
ural groceries, dietary supple-
ments and body care products.
In September, Starbucks
opened its 2,000-sf location at
the retail development, mark-
ing Confluent’s fifth project as
developer for Starbucks.
The balance of Confluent’s
development will include a
4,200-sf space, which is under
contract. SullivanHayes Bro-
kerage is handling its leasing.
Rogue Architecture Inc.
designed the Natural Grocers
by Vitamin Cottage building
for which McPherson Contrac-
tors Inc. is the general contrac-
tor. Starbucks was built by the
Pioneer Group.
“We are pleased to welcome
Natural Grocers to the area,” said
Centennial Mayor Cathy Noon.
“We look forward to working
with Confluent Development to
continue enhancing the Arapa-
hoe Road corridor.”
Other News
■ Evergreen Marketplace LLC
recently closed on a Northglenn
retail property.
The 39,485-square-foot retail
strip center at 450-560 Malley
Drive sold in an off-market trans-
action for $4.23 million to Ever-
green, which was in need of a
1031 replacement purchase.
Seller Par Acquisitions LLC
originally purchased the property
in 2012 with the building being
approximately 30 percent occu-
pied and added value through
the lease-up of vacant space and
capital expenditure improve-
ments, including a new roof,
HVAC units and parking lots.
The buyer purchased it as a
up leg in a 1031 exchange and
plans to finish adding value by
completing the exterior face-lift,
modernizing monument signage,
renaming the center and continu-
ing to lease vacant space and
bump rents over time.
John Sheflin of SVN|Denver
Commercial was the listing bro-
ker.
■ Pinnacle Real Estate Advi-
sors LLC closed several retail
properties within the metro Den-
ver market recently, including
a $3.2 million sale along Colfax
Avenue.
Pando Holdings LLC pur-
chased the two buildings on
approximately 11,250 sf of C-MS-
8 zoned land at 1600-1608 E. Col-
fax in Denver from Holleco LLP.
Eric Shaw of Pinnacle repre-
sented the seller in the transac-
tion.
“We were able to maximize the
price of this redevelopment play
because of its C-MS-8 zoning and
its excellent location,” said Shaw.
“The properties had been under
the ownership of one family for
two generations and they finally
felt it was the right time to sell due
to the current market cycle. The
properties are located at the heart
of Capitol Hill at the intersection
of Colfax Avenue, Franklin Street
and Park Avenue. Pando Hold-
ings LLC was the perfect buyer
because they controlled the park-
ing lot adjacent to the property.
This will be an incredible redevel-
opment site for PandoHoldings.”
Also, Pinnacle’s Jules Hoch-
man, Justin Brockman and
Chris Student represented an
unnamed buyer in the purchase
of 2199 S. Parker Road in Denver.
Rogue Architecture Inc.
Work has started on a new prototype Natural Grocers by Vitamin Cottage in Centennial.